Raleigh, NC, June 20, 2019 Avelacom, the high-performance connectivity and IT infrastructure solutions provider for the financial services industry, has promoted Vincent Harrison to Managing Director, Global Sales, to drive business growth and further develop Avelacom’s low latency network across the Americas, EMEA and APAC.

In this newly created role, reporting to Aleksey Larichev, CEO of Avelacom, Vincent will be responsible for establishing and maintaining relationships with key clients in the US. He will also develop new services to support expansion into new markets such as Brazil and Mexico, where the need for low latency solutions is growing, as a result of increased interest from institutions connecting to these regions.

Vincent has been with Avelacom since September 2018 when he joined as a Vice President, Strategic Accounts. Prior to Avelacom, Vincent worked in several telecommunications companies including six years at Perseus Telecom (now GTT). He has diversified local and international experience from working with leading global banks, hedge funds as well as Tier 1 network providers in various business and sales management roles.

Vincent brings great experience in low latency solutions for capital markets in the Americas, not only from a sales perspective but also in building alternative low latency routes to Mexico and LATAM markets in particular. This matches perfectly with our strategy to expand our network into new hot growth markets and attract new clients by providing them with outstanding connectivity and Infrastructure-as-a-Service solutions,” said Aleksey Larichev, CEO of Avelacom.

Commenting on his new role, Vincent says, “I’m excited to continue being a part of the Avelacom team, one of the fastest growing companies in today’s telecom landscape. I firmly believe Avelacom’s global presence, own fiber network and wide portfolio of low latency solutions positions it well to become the number one choice for capital markets firms.”

Bloomberg recently announced that it had acquired RegTek.Solutions, a leading provider of global regulatory reporting software solutions. The acquisition will expand the range of regulatory reporting services offered by Bloomberg, and deliver a fully integrated and comprehensive service that supports compliance with current and upcoming regulatory reporting requirements across multiple jurisdictions around the world.

RegTek.Solutions, which provides modular software solutions built around actionable regulatory intelligence, will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as Bloomberg’s enterprise data management and trading systems. The acquisition will bring together the expertise of both firms to deliver a systematic and robust offering, combining Bloomberg data enrichment and reporting capabilities with RegTek.Solutions’ quality and control tools across a broad range of global reporting jurisdictions.

Brian Lynch at RegTek.Solutions said, “RegTek has built an award winning product and impressive, tier-1 client base. Combining our solutions with the strength and scale of Bloomberg’s RHUB services, as well as access to their market data, enterprise data management, analytics and enrichment capabilities will allow us to offer the cross jurisdictional, cross asset solutions that our clients demand. We can now continue to deliver sustainable compliance at a scale that will have a fundamental market impact.”

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced their partnership with Finanz Informatik Solutions Plus GmbH, to help their German clients with implementation projects and application management of SmartStream’s Corona solutions, as well as their next generation TLM Aurora offerings.